Segall Bryant & Hamill LLC Grows Stock Holdings in VAALCO Energy, Inc. (NYSE:EGY)

Segall Bryant & Hamill LLC grew its position in VAALCO Energy, Inc. (NYSE:EGY) by 1.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 294,929 shares of the energy company’s stock after acquiring an additional 2,875 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in VAALCO Energy were worth $1,289,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EGY. Intech Investment Management LLC acquired a new position in VAALCO Energy during the 3rd quarter valued at about $173,000. Barclays PLC boosted its holdings in VAALCO Energy by 319.0% in the third quarter. Barclays PLC now owns 160,736 shares of the energy company’s stock worth $923,000 after acquiring an additional 122,373 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of VAALCO Energy by 66.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 962,824 shares of the energy company’s stock worth $5,527,000 after acquiring an additional 386,071 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of VAALCO Energy by 172.0% during the third quarter. JPMorgan Chase & Co. now owns 152,798 shares of the energy company’s stock valued at $877,000 after acquiring an additional 96,627 shares in the last quarter. Finally, State Street Corp raised its position in shares of VAALCO Energy by 4.3% in the 3rd quarter. State Street Corp now owns 4,285,378 shares of the energy company’s stock valued at $24,598,000 after purchasing an additional 176,259 shares during the last quarter. Hedge funds and other institutional investors own 50.32% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of VAALCO Energy from a “hold” rating to a “buy” rating in a research report on Friday, March 14th.

Insider Buying and Selling

In related news, COO Thor Pruckl sold 10,169 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $3.95, for a total transaction of $40,167.55. Following the sale, the chief operating officer now directly owns 174,992 shares of the company’s stock, valued at approximately $691,218.40. This represents a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.30% of the stock is owned by corporate insiders.

VAALCO Energy Price Performance

NYSE EGY opened at $3.81 on Friday. The company has a market cap of $394.74 million, a price-to-earnings ratio of 4.48 and a beta of 1.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.34 and a quick ratio of 1.32. The stock’s fifty day moving average price is $4.12 and its 200 day moving average price is $4.86. VAALCO Energy, Inc. has a 1 year low of $3.57 and a 1 year high of $7.51.

VAALCO Energy (NYSE:EGY) last announced its quarterly earnings data on Thursday, March 13th. The energy company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. VAALCO Energy had a return on equity of 15.63% and a net margin of 17.93%. The business had revenue of $121.72 million for the quarter, compared to analyst estimates of $108.91 million. As a group, equities research analysts forecast that VAALCO Energy, Inc. will post 0.43 earnings per share for the current year.

VAALCO Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were paid a $0.0625 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 6.57%. VAALCO Energy’s payout ratio is 45.45%.

About VAALCO Energy

VAALCO Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, and Canada. The company holds 58.8% interest in the Etame production sharing contract related to the Etame Marin block covering an area of approximately 46,200 gross acres located offshore in the Republic of Gabon in West Africa.